Bitcoin is currently trading at approximately $77,700, marking a 1.8% increase since midnight UTC, following a rebound from the $75,650 level, which previously acted as a resistance point during last week's rally. This rebound indicates a shift towards a bullish trend, with $75,650 now serving as a critical support level that could be essential for bitcoin's potential push towards the $80,000 mark. Meanwhile, Ether is priced at $2,344, with its chart exhibiting more bearish signs than bitcoin, having formed a series of lower highs since April 17. The overall market is experiencing an uptrend, driven by anticipation among US investors for the upcoming earnings reports from major tech companies, including Alphabet, Microsoft, Amazon, and Meta, all scheduled to report after the market close on Wednesday.
Nasdaq 100 futures have risen by 0.25% in pre-market trading, while derivatives positioning and token performance are also being closely watched.